Sam Bankman-Fried: preference

Transcript context

…How do you assess that short of hiring them for a month and then seeing how they did? It's tough, I don't think we're perfect at it. But things that we look at are, “Do they understand quickly what the goal of a product is? How does that inform how they build it? ” When you're looking at developers, I think we want people who can understand what FTX is, how it works, and thus what the right way to architect things would be for that rather than treating it as an abstract engineering problem divorced from the ultimate product. You can ask people like, “Hey, here's a high-level customer experience or customer goal. How would you architect a system to create that?” That’s one thing that we look for. An eagerness to learn and adapt. It's not trivial to ask for that. But you can do some amount of that by giving people novel scenarios and seeing how much they break versus how much they bend. That can be super valuable. Specifically searching for developers who are willing to deal with messy scenarios rather than wanting a pristine world to work in. Our company is customer-facing and has to face some third-party tooling. All those things mean that we have to interface with things that are messy and the way the world is. Before you launched FTX, you gave detailed instructions to the existing exchanges about how to improve their system, how to remove clawbacks, and so on. Looking back, they left billions of dollars of value on the table. Why didn't they just fix what you told them to fix?…

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